Registration number: 06526545

Robert Cockings Motor Repairs Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 9

Robert Cockings Motor Repairs Limited

Company Information

Directors

Mr T R Cockings Mrs R J Cockings

Company secretary

Mr T R Cockings

Registered office

1 Church Terrace Yeovil Somerset BA20 1HX

Accountants

Gilbie Roberts Limited Chartered Certified Accountants1 Church Terrace Yeovil Somerset BA20 1HX

Robert Cockings Motor Repairs Limited

(Registration number: 06526545)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	49,948	71,885
Current assets
Debtors	6	12,267	37,016
Cash at bank and in hand		256,669	155,809
		268,936	192,825
Creditors: Amounts falling due within one year	7	(163,582)	(100,716)
Net current assets		105,354	92,109
Total assets less current liabilities		155,302	163,994
Provisions for liabilities		(5,587)	(11,357)
Net assets		149,715	152,637
Capital and reserves
Called up share capital	8	100	100
Retained earnings		149,615	152,537
Shareholders' funds		149,715	152,637

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 December 2025 and signed on its behalf by:
 

......................................... Mr T R Cockings Company secretary and director

Robert Cockings Motor Repairs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
1 Church Terrace
Yeovil
Somerset
BA20 1HX

The principal place of business is:
Unit 2
33 Oxford Road
Pen Mill Trading Estate
Yeovil
Somerset
BA21 5HR

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Change in accounting standards
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities. The previous years financial statements were prepared in accordance with FRS 105 'The Financial Reporting Standards applicable to the Micro-entity Regime'. In order to comply with this change an adjustment has been made to the Net Assets and Shareholders' funds comparatives reducing them by £11,357. This reduction represents the deferred tax provision as at 31 March 2024. This includes the deferred tax credit for that year of £1,235 which has reduced the comparative tax on profit figure shown on the profit and loss account from £12,592 to £11,357.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Robert Cockings Motor Repairs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor Vehicle	25% reducing balance
Plant and Equipment	15% reducing balance
Leasehold Property	Evenly over lease term

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Robert Cockings Motor Repairs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	Fully amortised

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Robert Cockings Motor Repairs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 13 (2024 - 11).

Robert Cockings Motor Repairs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2024	70,000	70,000
At 31 March 2025	70,000	70,000
Amortisation
At 1 April 2024	70,000	70,000
At 31 March 2025	70,000	70,000
Carrying amount
At 31 March 2025	-	-

5	Tangible assets

	Land and buildings £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 April 2024	23,969	41,583	118,339	183,891
Additions	-	3,950	1,749	5,699
Disposals	-	(14,300)	-	(14,300)
At 31 March 2025	23,969	31,233	120,088	175,290
Depreciation
At 1 April 2024	14,040	23,852	74,114	112,006
Charge for the year	4,795	3,410	11,387	19,592
Eliminated on disposal	-	(6,256)	-	(6,256)
At 31 March 2025	18,835	21,006	85,501	125,342
Carrying amount
At 31 March 2025	5,134	10,227	34,587	49,948
At 31 March 2024	9,929	17,731	44,225	71,885

Included within the net book value of land and buildings above is £5,135 (2024 - £9,929) in respect of short leasehold land and buildings.
 

Robert Cockings Motor Repairs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Debtors

Current	2025 £	2024 £
Trade debtors	12,267	22,739
Other debtors	-	14,277
	12,267	37,016

Robert Cockings Motor Repairs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	1,121	-
Trade creditors		69,918	36,442
Taxation and social security		78,379	62,177
Accruals and deferred income		1,190	960
Other creditors		12,974	1,137
		163,582	100,716

Creditors: amounts falling due after more than one year

2025 £

2024 £

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

9	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Other borrowings	1,121	-

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £175,000 (2024 - £124,583).